A MEC, or Modified Endowment Contract, happens when too much money is placed into a life insurance policy too quickly under IRS rules. When that happens, the policy can lose many of its tax… | Zerafa Financial
A MEC, or Modified Endowment Contract, happens when too muc…
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How to change your Life Insurance into a Modified Endowment Contract (MECs) #retirement #edmonds #tax | Chris Dime, CFP - Dime & Associates
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